54NV Dp World 30 U

    


Province of Naples



As Agent Bank, please be advised of the following rate determined on: 23-May-2008
Issue              � Province of Naples - Series 1
                     EUR 33,714,000.00 (MTN) FRN Due 27-May-2014
ISIN Number        � XS0097828189
Common Code / 144A � 97828189
 ISIN
Issue Nomin EUR    � 33,714,000.00
Period             � 27-May-2008 to 27-Nov-2008            Payment Date 27-Nov-2008
Number of Days     � 184
Rate               � 5.105                              Pool Factor: 0.40006
Denomination EUR   � 400.06                �                      �

Amount Payable per � 10.44                 �                      �
 Denomination

Bank of New York
Rate Fix Desk                              Telephone       � 44 1202 689580
Corporate Trust Services                   Facsimile       � 44 1202 689601

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